Arun Rahul Group

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700 Poplar Street, Nanaimo
700 Poplar Street, Nanaimo
700 Poplar Street, Nanaimo
700 Poplar Street, Nanaimo
700 Poplar Street, Nanaimo
+5 more

700 Poplar Street, Nanaimo, British Columbia

$3,100,000
0.4411
Acres

About 700 Poplar Street

Well-maintained 14-unit apartment building in a prime central location offering strong in-place income with clear upside. The suite mix includes twelve spacious 1-bedroom units (approx. 700 sq ft) and two large 2-bedroom units (approx. 1,100 sq ft), many with ocean views. Ideally positioned close to all amenities with covered tenant parking beneath two levels of apartments. Significant recent capital improvements include new roof (2020), siding (2019) and building hot water tank (2025), plus four renovated units in the past 4 years. Built in 1964 on three separately titled city lots totaling over 19,000 sq ft and zoned R8, presenting future redevelopment or densification potential. Stable tenancy with long-term occupants and room to improve returns. Price is plus applicable GST. (id:66920)

Key Features

  • Central location
  • Level lot
  • Southern exposure
  • Corner Site
  • Other
  • Marine Oriented
  • Mountain view
  • Ocean view
  • Natural gas
  • Hot Water
  • Multi-Family
Rahul Manro
Rahul Manro
Real Estate Associate, Managing Partner
Cell: +1 403-926-2030 VIEW REALTOR® PROFILE

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Estimated monthly payment
$14,498
/month · principal + interest

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Listing courtesy of Vancouver Island Real Estate Board.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Data is deemed reliable but is not guaranteed accurate by CREA.
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